Technology

59298 readers

4911 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

132

Because AI and Crypto use so much electricity, what if a law was made that they had to power it with green energy? (lemmy.zip)

submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]

79 comments fedilink hide all child comments

Something on the lines of if your company facility is using over X amount of energy the majority of that has to be from a green source such as solar power. What would happen and is this feasible or am I totally thinking about this wrong

Edit: Good responses from everyone, my point in asking this was completely hypothetical, ignoring how hard it would be to implement a restriction. My own thoughts are that requiring the use of renewable energy for high electricity products could help spur the demand for it as now it's a requirement. Of course companies would fight back, they want money

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 12 points 9 months ago* (last edited 9 months ago) (1 children)

And that's just Visa.

https://www.eia.gov/consumption/commercial/data/2012/c&e/cfm/pba4.php

That lists the energy usage of banking and financial office space to be 18 billion kWh, or 64.8 petajoules. (About 87x that Visa figure.)

And even that is just office space. Doesn't factor in the manufacture, distribution, transport, storage, and disposal of physical money, or any other associated costs.

[–] [email protected] 17 points 9 months ago

On the flip side, global banking processes something like 5+ orders of magnitude more transactions than ETH, so even at the low end it’s 1000x more efficient than the most well known POS coin.